NASDAQ could peak between 9690 and 9785 and then drop to 7800 NASDAQ 100 E-MINI FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! ndau NASDAQ appears to be completing the last leg of the five wave pattern and is likely to peak around 9700 - 9800 if this wave count is correct. After this, the ABC correction could correct the index to 7800. Calculation of targets: Wave 5 target 1: 0.618 of the height of waves 1 and 3 combined = 9690. Wave 5 target 2: Wave 5 height could be equal to that of wave 1 = 9785. ABC corrective wave pattern: 0.618 of the height of the five wave impulse. Channel: I made the channel by drawing a line connecting wave 2 and 4 and placing a parallel copy on wave 3. The price has already dropped below the channel and appears to be making an ending diagonal . PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.